Adenza is a software application provider specializing in capital markets, investment management, central banking, risk management, clearing, collateral and treasury & liquidity. Their integrated suite of trading and risk applications is used by banks and other financial companies.
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| Formerly |
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|---|---|
| Company type | Private |
| Industry | |
| Founded | 1997 |
| Headquarters |
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Number of locations | 22 offices (2019) |
| Products | Software |
| Owner |
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| Website | adenza |
Previously known as AxiomSL and Calypso Technology, the company had its acquisition by Nasdaq, Inc. completed in November 2023. [1]
History
editDual headquartered in London and New York City,[2] Calypso Technology was founded in 1997 by Charles Marston and Kishore Bopardikar.[3] It was acquired by private equity firms Bridgepoint and Summit Partners in June 2016.[4] The company has over 20 offices in 18 countries. The company changed its name to Adenza in 2023.[5]
Calypso's software is written entirely in Java and serves front office, middle office, and back office functions, allowing financial institutions to consolidate their infrastructure on a single platform. Their flagship product, Bank-in-a-Box, bundles the software with a Target Operating Model for the processing of all asset classes, as well as pre-configured business workflows and market best practices.[citation needed]
In July 2017, Calypso completed the acquisition of a minority stake in Sernova Financial.[6] In March 2021, Thoma Bravo bought Calypso from its then owners for $3.7bn.[7]
In June 2023, Nasdaq, Inc. announced that it had agreed to acquire Adenza in a $10.5 billion cash-and-stock deal, the biggest for the US exchange operator to date.[8] The acquisition was completed in November.
References
edit- ^ "Nasdaq Completes Acquisition of Adenza". Nasdaq. Retrieved 2023-12-01.
- ^ Thomson, Amy; Doherty, Katherine (2023-06-12). "Nasdaq agrees to buy Thoma Bravo's Adenza for US$10.5 billion". BNN Bloomberg.
- ^ "50 Charles Marston". Institutional Investor. Retrieved 2023-06-01.
- ^ "Calypso Technology Acquired by 2 Private Equity Firms - WatersTechnology.com". WatersTechnology.com. 2016-04-19. Retrieved 2018-05-31.
- ^ "Adenza Limited Filing History". gov.uk. Retrieved 2023-06-18.
- ^ "Calypso Completes Acquisition of Minority Stake in Sernova Financial | Finance Magnates". Finance Magnates | Financial and business news. 2017-07-24. Retrieved 2017-11-15.
- ^ Mathews, Eva (2021-03-22). "Thoma Bravo to buy online trading co Calypso Technology". Reuters.
- ^ Gara, Antoine; Hughes, Jennifer; Paolo Mancini, Donato (June 12, 2023). "Nasdaq to buy Adenza for $10.5bn in US exchange operator's biggest deal". Financial Times.
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